40,600 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,600 shares of the financial services provider’s stock, valued at approximately $1,205,000. Louisiana State Employees Retirement System owned approximately 0.05% of NMI as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in NMI by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock worth $178,356,000 after buying an additional 162,614 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in NMI by 7.3% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after purchasing an additional 185,099 shares during the period. American Century Companies Inc. lifted its position in NMI by 11.6% during the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock valued at $26,787,000 after purchasing an additional 102,857 shares during the period. Charles Schwab Investment Management Inc. lifted its position in NMI by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 899,056 shares of the financial services provider’s stock valued at $24,355,000 after purchasing an additional 71,617 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in NMI by 88.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after purchasing an additional 402,793 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NMIH shares. Keefe, Bruyette & Woods upped their target price on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Truist Financial upped their target price on shares of NMI from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Insider Buying and Selling

In related news, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total transaction of $33,454.15. Following the completion of the sale, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at $2,576,668.28. The disclosure for this sale can be found here. In the last three months, insiders sold 145,158 shares of company stock valued at $4,395,582. 2.40% of the stock is owned by corporate insiders.

NMI Stock Performance

Shares of NASDAQ:NMIH opened at $30.48 on Tuesday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 1.11 and a beta of 1.06. The firm’s 50 day simple moving average is $30.23 and its 200 day simple moving average is $29.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. NMI Holdings, Inc. has a fifty-two week low of $22.22 and a fifty-two week high of $32.50.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The business had revenue of $151.38 million during the quarter, compared to analysts’ expectations of $131.70 million. During the same period in the prior year, the business earned $0.86 EPS. NMI’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that NMI Holdings, Inc. will post 4.05 earnings per share for the current year.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.